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Welcome to C21 Gibraltar

Category 2 Tax Residency - Introduction

Gibraltar has its own Government and is therefore able to raise its own taxes, (with the UK responsible for foreign affairs, security and defense). It became a British overseas territory in 2002 under the British Overseas Territory Act 2002.

Gibraltar is a modern International Financial Centre which (through the UK) is within the EU and benefits from EU directives making it an attractive location for cross border investment. Gibraltar also benefits from being able to passport services into other EU states making it a popular location for businesses to have their headquarters. In addition, Gibraltar is deemed a "white" listed territory by the OECD as it has signed sufficient tax information exchange agreements.

Category 2 tax residents have their tax capped at a maximum of approximately £ 30,000 per annum. This capped amount is calculated based on a total income of £ 80,000.

An application is made to the Finance Centre Director for the issue of a certificate under the Qualifying (Category 2) Individual Rules under the Income Tax Ordinance. A £ 1000.00 non-refundable application fee is payable and the application must be supported by two character references from recognised and established professionals (one must be from a bank and the other from a law or accountancy firm) a copy of his or her passport and a curriculum vitae.

In order for an individual to qualify for Category 2 status approved residential accommodation must be made available for their exclusive use in Gibraltar throughout the year.

The Category 2 individual is not allowed to engage in a trade, business or employment in Gibraltar. There is no minimum stay in Gibraltar for a Category 2 resident individual; therefore as long as the individual fulfills all of the above conditions he will retain his Gibraltar residency without the need to spend any time in Gibraltar.

A form describing the property must be submitted for approval to the Finance Centre Director within two months of the issue of the certificate. Century 21 Gibraltar will undertake this service for all of our clients at no cost and will always ensure that the said property has been approved for the relevant status prior to them entering into any agreement to purchase or rental contract.

Higher Executive Possessing Special Skills status ("HEPSS")

This is a new status, which is aimed at relocating executives with specialist skills earning in excess of £ 100,000 per annum. HEPSS individuals will pay tax only on the first £ 120,000 of earnings and they can choose between the Allowance Based or Gross Income Based system.

The applicant is required to either rent or purchase a property, similar to those of Category 2 residents, in Gibraltar which is to be made available for his or her exclusive use throughout the year.

A form describing the property must be submitted for approval to the Finance Centre Director within two months of the issue of the certificate. Century 21 Gibraltar will undertake this service for all of our clients at no cost and will always ensure that the said property has been approved for the relevant status prior to them entering into any agreement to purchase or rental contract.

Tax liability of Gibraltar tax resident companies

"Ordinarily resident " companies are liable to tax at a flat rate of 10%.

VAT - INHERITANCE TAX - DEATH DUTIES - WEALTH TAX & CAPITAL GAINS TAX

Stamp duty

There is no VAT or sales tax in Gibraltar. Furthermore, there is no Inheritance Tax, Death Duties, Wealth Tax or Capital Gains Tax payable in Gibraltar.
In order to give effect to this measure, a new threshold will be created for those purchasers that qualify as first-time buyers or second-time buyers as defined by Section 19A of the Act (hereinafter referred to as "Qualifying Purchasers").
With effect from 23rd June 2015, Qualifying Purchases of residential property will be liable to Stamp Duty as follows:-

Property Purchase Price

Stamp Duty Rate

On the first £260,000 there is no stamp dudy

0

£260,000 - £350,000

5.5%

£350,000 and above

3.5%

All other transactions relating to non-Qualifying Purchasers will be liable to duty according to the standard thresholds of duty as follows:

Endorsements

Thank you to Linda and Luisandro at Century 21 Gibraltar for all their help in selling my property. A very professional service I wouldn’t hesitate to use them again, and highly recommend to family and friends.

Rod Castrey |General Manager

We have been renting an apartment through Century 21 for the past 2 years and Rachna has been our contact person for any issues.
We have found Rachna to be very friendly and helpful. We have hardly had any problems with the Tradewinds apartment but any minor issues have been dealt with by Rachna very quickly and efficiently. We are very happy to recommend Century 21 as a first class letting agent.

Mr & Mrs M

We found Century21 to be very professional, friendly and helpful in our dealings with them. Their local market knowledge was second to none and they were always at hand to help in any situation. Would highly recommend.

MarcoN |Kreativology.com

I purchased a property via Century21 and found Linda to helpful, professional and friendly throughout the process. Always very quick to respond to any questions or requests she helped make what was at times a stressful process much easier. I will certainly be using Century21 if I decide to purchase again and would highly recommend Linda and the rest of team!

C21 Global

A selection of luxury properties around the world

Multi Award Winning

Recognizing Excellence

Producer Centurion Award presented to Century21 Gibraltar
for Outstanding Performance and Customer Service for the Third Year in a row 2013 ★ 2014 ★ 2015 ★ 2016

Centurion

2013

Centurion

2014

Centurion

2015

Centurion

2016

C21 Global Network of Offices

A truly International Estate Agency Brand!

More than 6,900 Offices in 78 Countries Worldwide

Meet the Team....

See the people waiting to help you with all your property needs

Fine homes & estates magazine

Come and pick up a copy in one of our Offices
202-204 Main street, Gibraltar
Unite3, Grand Ocean Plaza, Ocean Village, Gibraltar.

Main office

Call into our main office in the heart of town at 202 - 204 Main Street.
Or our newly opened second branch at
Unit 3, Grand Ocean Plaza, Ocean Village, Gibraltar

Why Choose Century 21 Gibraltar to sell or rent your property?

You will liaise with one point of contact for the sale or let of your property, which means you know who to contact from day one and you receive a specialist service to meet your individual requirements.
We develop a tailor-made marketing plan, to ensure you achieve the best possible sale or rental price for your property.
We are an experienced company and recognized brand, so you have peace of mind knowing that experienced professionals are handling the sale or let of your property.

Our network's database of potential buyers and tenants ensures we have individuals ready and waiting to view your property as soon as it appears on the market.
We will ensure maximum exposure of your property through our network of offices; your property is displayed locally in our office in Gibraltar www.century21gibraltar.com and internationally through www.century21global.com.

Our Sales and Lettings Associates conduct all viewings of your property, taking the pressure and inconvenience away from you.

We pre-qualify all potential buyers to ensure there is a genuine interest and financial ability to purchase your property.
We are the only estate agency in Gibraltar to create a professional personal video of your property to attract the interest of our international clients and upload them to our YouTube channel –
Please check out our YouTube page and Contact Us if you want your property to feature.
No Sale No Fee.
If you'd like one our specialist managers to conduct a rental or a sale appraisal or review of your property,
please complete the form or alternatively call us on +350 200 51020. We will contact you by phone as soon as possible.

Please Click Here and use the form to send an enquiry and request an official appraisal.
You can also contact one of our specialist direct for any queries relating to your property.